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Summit County Council ratifies 2023 certified tax rates for multiple districts; most rates drop as property values rise
Summary
At its July 17 special meeting, the Summit County Council ratified 2023 certified tax rates and associated budgets for numerous service areas, fire districts, cemetery and recreation districts; staff said rising property values reduced most certified rates while North Summit Fire's rate rose after a truth-in-taxation hearing.
The Summit County Council on July 17 ratified certified tax rates for 2023 across a range of county taxing entities, approving motions to adopt final tax rates and associated budgets for fire districts, cemetery maintenance districts, recreation districts, service areas and other taxing bodies.
County staff presenters named in the agenda, Chase and Cindy Kayas, explained that certified tax rates are calculated to yield each taxing entity's budgeted revenue. Staff said the county first calculates a certified rate excluding new growth, then adds new growth back in afterward so entities can collect revenue attributable to new development or additional demand.
Why it matters: As assessed values increase, certified rates often fall because the same budgeted revenue is spread over a larger tax base. Council…
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